Ceteris Paribus, an additional year of experience would represent a higher wage of $__________, on average.
u represents the _________ of the regression model
Wage and experience have a/an ___________
Master is a _________ of the model wage=f(Master, Expetience, Performance, Hours)
Wage is the dependent variable, also known as __________
Stochastic error term:
Wage and hours have a/an ____________ relation.
Financial analysts with a Master degree have a wage that is on average $ _________ than analysist with no master.
Inverse
a term that is added to a regression equation to introduce all of the variation in Y that cannot be explained by the included X
stochastic error term
Direct
Regressor
4271.64
Regressand
1816.94
